Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

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Goodwill and Other Intangible Assets
 6 Months Ended
Jul. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill amounts by reportable segment are summarized as follows:
Goodwill at Acquisitions Dispositions
Other (1)
Goodwill at
December 31, 2022 July 1, 2023
Hardware and Protective Solutions $ 574,744  $ —  $ —  $ 515  $ 575,259 
Robotics and Digital Solutions 220,936  —  —  —  220,936 
Canada 28,132  —  —  646  28,778 
Total $ 823,812  $ —  $ —  $ 1,161  $ 824,973 
(1)The "Other" change to goodwill relates to adjustments resulting from fluctuations in foreign currency exchange rates for the Canada and Mexico reporting units.
Other intangibles, net, as of July 1, 2023 and December 31, 2022 consist of the following: 
Estimated
Useful Life
(Years)		 July 1, 2023 December 31, 2022
Customer relationships 13 - 20 $ 964,869  $ 963,622 
Trademarks - indefinite Indefinite 85,506  85,275 
Trademarks - other 7 - 15 31,387  31,387 
Technology and patents 5 - 12 68,688  68,451 
Intangible assets, gross 1,150,450  1,148,735 
Less: Accumulated amortization 445,984  414,275 
Other intangibles, net $ 704,466  $ 734,460 
    
The amortization expense for intangible assets, including the adjustments resulting from fluctuations in foreign currency exchange rates for the thirteen and twenty-six weeks ended July 1, 2023 was $15,578 and $31,150. Amortization expense for the thirteen and twenty-six weeks ended June 25, 2022 was $15,566 and $31,087.
The Company tests goodwill and indefinite-lived intangible assets for impairment annually in the fourth quarter. Impairment is also tested when events or changes in circumstances indicate that the carrying values of the assets may be greater than their fair values. During the thirteen and twenty-six weeks ended July 1, 2023 and the thirteen and twenty-six weeks ended June 25, 2022, the Company did not identify any triggering events that would result in an impairment analysis outside of the annual assessment.